Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Up 290% over the last month....39.29% over the last 3 days
Really? Because i am pretty sure the one in august is for the previous 2nd quarter of months April, May and June. the 3rd quarter would include july, august, and September and if it came out in august they would be missing the whole September month of there 1/4.
COWI is a lottery ticket. BUY SOME AND FORGET ABOUT IT. Nothing will happen in the near future.. but maybe months if not years from now cowi will move due to another promotion like the last time (400,000$) or maybe they actually sell some robots lol
FTTN up 14%
September 30th was the end of FTTN's fiscal year. Also third quarter results should be due soon....no? does anyone know yet when either of these should come out?? If they offer good news...Big gains could be on the horizon.!?!
a lot of selling today... could just be people taking there profits
Digital Oil Field Technology Offers Valuable New Options For Optimizing Production
HOUSTON–Did you make New Year’s resolutions for your business this year? Perhaps those resolutions include working smarter, carving out un- necessary costs, staying clear of unrealistic schemes, making that smart investment that will differentiate your company and accelerate growth, or maybe renewing that passion, that drive, that exhilarating spark that used to permeate throughout the company? If this year’s list does not differ significantly from last year’s resolutions, operators can take heart in knowing it is true that persistence certainly counts in the oil and gas business. However, one tongue-in-cheek definition of insanity involves the expectation of different results while continuing to do the same things. Digital oil field technology offers an option worth considering, or reconsidering, as a means to move toward corporate business goals in 2010. Digital oil field programs have become mature enough to be modularized. It no longer requires a soup-to-nuts, do-it-yourself effort to see dramatic results. Whether it is cost containment that keeps an oil and gas executive up at night, or optimization and growth, independent operators now have fresh weapons in their arsenal.
While there are certainly several common production operations challenges, the good news is that various enlightened options also exist for addressing the promise to make improvements throughout the new year. Increasing asset awareness may be one approach to delivering the changes and improvements needed to achieve improved production goals. Remote sensing is available for all facets of production operation, providing pressure, temperature, flow and other data. There are a number of choices for network transmission of the data, and service companies and suppliers equip wells and fields accordingly. Acquired assets may already be wired, and proven engineering, production modeling and field management tools from companies such as Petroleum Experts and others consistently help to deliver practical understanding from the complexity. The biggest hurdles are no longer field infrastructure or analysis tools. For the independent, they are generally a distraction because of office information technology infrastructure and confidence in measurable benefits. The focus has moved from capability, which has been demonstrated, to attitude and judgment.
The Last Mile The notorious last mile of connectivity may not be some remote field site; it may be the office suite. For many independents, staying lean, mean and focused relegates IT efforts to the category of necessary evil, overhead cost burden and nonproductive time. When “IT lite” becomes the operator’s strategic position, infrastructure at the office is constrained. While well equipped with staff experts to analyze and use the data, the pro-visioning of software, networks and data can remain problematic for the independent operator. The underlying network management, security, data storage, software portfolio and training are perceived as representing a significant investment of effort and money.
These perceptions may have been well founded at one time, but rethinking those perceptions may be in order during 2010. To bring corporate IT decisions into a little more personal perspective, con-sider an oil and gas executive trying to decide whether to perform the lawn care at his home, or alternatively, rely on a company specializing in yard maintenance to perform that task for him. Would it be cheaper from him to do it himself? On a direct expense level, the cost of a mower might definitely be less. However, factoring in the full cost of lawn maintenance beyond the cost of a mower by adding the value of his time to learn the tricks of the trade and perform the work, shifts the balance. Could he do the work as reliably and fast as the lawn crew? That is doubtful. Is lawn care optional? Not really. So, he negotiates the best price he can for the service, judges the expense as worthwhile, and subsequently perceives delivered value.
A similar approach is increasingly being implemented in integrating business IT capabilities. Contracting for shared IT services or hosted services gains expertise and value, in many cases. IT centers specifically established to serve the needs of independents enable operators to focus their costs on the personalized IT capability they need. A broad range of available services allows for flexible access to software tools and data handling on a temporary or periodic basis, as needed. Benefits also are gained from the improved quality and level of service that comes from a fully-equipped IT operation that enjoys attendant discounts and priorities that come with volume operations. Do independents pay for this? Yes. They judge the investment worthwhile to achieve their business objectives to carefully manage costs and deliver reli- able production levels. Do they pay as much as they would if the same, small- er-scale service was in-house? No, particularly when all the hidden costs are exposed.
Digital Oil Field Of The Future Just what is the digital oil field? Circa 2000, Cambridge Energy Research As- sociates christened the “digital oil field of the future (DOFF)” and defined it as entailing total asset awareness, right-time analysis and decision making, and timely execution. Others have characterized it similarly, as technology and workflow solutions connecting geographically distributed experts to optimize oil field activities in process-consistent time.
The opportunities that DOFF enables were summarized by CERA as:
Increased reservoir recovery;
Increased production rates;
Better well performance;
Reduced downtime; and
Lower operating costs.
Motivated by the promise of DOFF, improvements in the way the upstream works escalated into transformation mode. Early adopters, such as BP, Chevron, Shell and Statoil, consistently identified a similar set of innovations critical to success. New levels of systems and organizational integration would be required to enable the business to interact in new ways. In the cross hairs was the friction associated with information sharing across all facets of business. This spotlighted the industry’s enormous gaps in foundational IT infrastructure and integration to “deliver the digits” of the digital oil field. Version one implementations of DOFF were by necessity, then expansion, emphasizing the construction of strategic foundational data-moving elements that could then be reused.
Today, DOFF stands on the shoulders of those leaders’ and others’ persistent and massive investments in technology, testing and organizational transforma- tion. A community of experienced practitioners exists both within the operating companies and among the service providers that also invested significant- ly. The myriad benefits of DOFF in upstream decision making (the original ob- jective) are well documented now and measurable on the bottom line. Among the good news for the independent keen to pursue DOFF-type gains is that this community of capable service providers is available. A do-it-your- self approach verges on being counter-productive, since these suppliers bring with them their hard-won experience in what works well and what does not.
Also, with expanded IT infrastructure making oil field digits more easily ac- cessible, today’s DOFF projects are often much more focused than previous ones. That is, the projects target a specific oil field issue starving for better, timelier decision making. Questions have shifted from “How do I get the data from those field devices into my software applications?” to “How can my chemical treatment program be changed to control costs while achieving even greater improvements in flow assurance?” and “How could I get more value for my spending on artificial lift in this field?” These questions and others like them resonate loud and clear with independent operators.
Flow Assurance The formations today’s independent producers are working are more and more challenging to operate. Increasing water production also increases tendencies for corrosion and scale. Asphaltenes, hydrate development and many other geochemical anomalies conspire to choke hard-won production. Chemical treatment has become widely practiced to counter these difficulties and maintain flow levels. Therefore, applying chemicals is often imperative, and the costs of chemicals definitely impact the economic viability of the field. In which situations do DOFF practices apply to chemical injection? Traditional chemical injection devices are static and commonly result in chemical overuse or underuse, either of which undermine the operator’s flow assurance objectives. Producing conditions are dynamic, so delivery systems must be as well. Today, tank-level monitoring and control systems have been introduced to fa- cilitate condition-based chemical injection processes. These innovative systems enable the monitoring and efficient control of injection systems. With this new level of insight, the treatment levels can be kept synchronized with dynamic producing conditions, such as adjustments in production rates, pump performance, power outages and chemical tank levels.
The following example highlights how tank-level monitoring and condition- based injection bring value. During 2009, an operator reprioritized the need to maximize production and protect against production system upsets in an offshore Gulf of Mexico asset. An effective chemical treatment program was designed and deployed. To help ensure uninterrupted demulsifier application and avoid facility shut in because of wet oil, the operator teamed with its supplier to install a unique DOFF-style remote tank level inventory system to continuously monitor and report on system status. Eventually the tank level system detected a low usage condition in the demulsifier injection operation during the overnight hours and immediately initiated the alerting process. The service provider quickly contacted the offshore operator to notify it of the issue. The operator mobilized, and onboard staff confirmed there was a problem with the demulsifier injection pump. The problem had eluded the platform personnel despite the fact that the demulsifier injection pump was tied to the supervisory control and data acquisition system, and benefited from around-the-clock site presence seven days a week.
While a SCADA system may be part of a DOFF pursuit, this example clarifies that it is not a substitute for one. The pump failure was promptly corrected, demulsifier injection restored, and production continued without incident or upset. The operator clearly benefited from the cooperative and integrated service delivered by its supplier. Without the tank-level system and its DOFF monitoring services, it is unknown when the off-line situation might have been noticed. The operator speculated that had the situation run to failure, the cost of downtime and startup would have run to $1.2 million. By preventing a wet oil condition, and most probably, a facility shut in, the operator lost no production as a result of this incident. Expenses related to system upset and system restart also were avoided. The values of the DOFF scheme are many, but include:
More reliable production levels because of reduced downtime;
Improved management of chemical use and costs;
Decreased threat to other costly elements of the completion, such as pumps;
More timely and accurate reporting, including regulatory obligations; and
Decreased health, safety and environmental exposure resulting from un- expected developments such as leaks, which are swiftly identified through real-time monitoring and surveillance.
Artificial Lift Chemical treatment programs often are applied in conjunction with artificial lift systems that provide another vital route to production improvement. Today, remote artificial lift monitoring and automation services give operators the in- formation and insight necessary to optimize production and extend equipment run life. A full range of proven equipment and services for data collection, data communication, Web-based monitoring, and data analysis are commonly available in the market. Equipped for digital oil field pursuits, their performance, reliability and bottom-line impact are significantly enhanced. Downhole sensors measure well parameters and provide critical data to enhance electrical submersible pump system efficiency and reliability. These sensors can cover a broad range of needs from basic downhole measurement to more sophisticated data for production optimization. Data distribution, retrieval, and analysis capabilities seamlessly link downhole data to a desktop, spanning the independent operator’s last mile. Also, specialized software modules now can provide ESP operators real-time, constant flow measurements at a fraction of the cost of traditional flow monitoring devices. Flow readings help diagnose well or ESP problems and accurately track reservoir performance.
Again, the question at hand is not whether DOFF-style artificial lift pro- grams can be reliably implemented. The question is whether such a program is suitable for application by independent producers. As real-world examples from the field suggest, the answer is yes, and 2010 is the year to do it. For instance, for two years a California independent had been experiencing approximately three hours of ESP system downtime daily because of gas lock- ing. The deep, highly deviated well had significant gas production, but the natural gas along with the complex well bore formed foam on top of the fluid, masking the fluid level.
By investing in sensors on the ESP, accurate measurements were provided (fluid levels and temperatures, as well as pressure and motor winding temperatures). Intake pressure readings from the instrument now give accurate fluid readings and eliminate the gas locking. By eliminating three hours of daily down-time, production increased by 15 barrels of oil a day, improving the bottom line by approximately $164,000 annually at $30 a barrel. In another instance on a carbon dioxide flood program, DOFF-style ESP re- mote monitoring by a service provider exposed a severe cycling situation. The expert’s recommendation reduced the ESP’s cycling and increased daily oil production by 25 barrels.
Finally, on a water-alternating-gas (WAG) field program, DOFF-style ESP remote monitoring by a service provider allowed service techs to apply management by exception practices across 130 wells to better prioritize work and respond to critical situations more quickly. In this case, the operator’s techs were notified of undesirable operating conditions prior to failure or shutdown.
Among the results documented were nine immediate failures prevented over two months. With each failure costing approximately $80,000, the operator saw a direct gain of $720,000. This gain was compounded by the increased uptime and daily production delivered. From these examples, decisional oil field efforts can clearly be scaled for the needs of an independent operator. Moreover, although an all-encompassing program is not required, powerful re-sults can be obtained when a couple of DOFF projects are blended. For example, since chemical treatment programs and artificial lift programs often operate in tandem, operators may consider combining the monitoring and surveillance programs of both to better optimize well and field operations. Chemical treatment can affect pump life; pumping dynamics dictate the need for chemicals. Starting small and targeted with DOFF is absolutely realistic now. What was previously too complex to coordinate is now easily within reach. To get started, a trial phase may be useful to identify which elements work well and which are lower priority.
"MOVING AVERAGE CROSSOVER!!!" around September 23rd the 50 day moving average crossed the 200 day moving average. This indicates/suggests that the general trend from there will be an up~trend.. shortly after FTTN hit 2.00$..... Chart still suggests more solid gains ahead with volume to back it up.
P.S this is the first time this kind of crossover has occurred in FTTN's chart history. go FTTN!!!
it wont even let you sell your shares anymore h aha our money is stuck
This is, the end. My only friend, the end. No saftey or surprise, the end
13 billion shares
Ready for a sh*tty day 2moro
Anyone who bought on todays news just paid some of cowi's debt
keep your position but Forget about cowi. Maybe put an alert or limit sell at a brake even point and leave it be until something changes. But if u think theres a u should double down at .ooo2 & lower you price per share average if its possible so its easier to re-coupe
true... And awsome research! I hope the ceo turns thingz around though.. isent he new?
Cowi needs big news about its revenue. If there was ever to be a word about Possible "profit" there'd be an explosion. The crobot jr. is availble this month but idk how great they will sell.
thats accually surprising that he took the time to personally write u back. I am impressed.
Cowi will collect 2's and maybe 3s today and then will be sold and drop right back where we started today
Dont get me wrong id personally love to see cowi pop however i am being realalistic here and im sick of reading comments containing nothing but baloney everyday about how great today "might" be
Anyone belive me yet? Or r u with these clowns that promise everyday is gunna be "the" day. Today we shoulda see.ooo5 haha come on now! Everyday the same ppl comment speculation and there hopes lmao. Today i promise we wont have any 3s if ur willin to bet,me speak up now hahaha!!
That was some crazy vol yesterday huh? Lmaaaooo how long u watch this? Ha yesterdays vol. Was nothin ive seen more without news buddy lol
Less than 300$ has been put into cowi so far ... WOAh!!¡ Lmao
Whers this .ooo5?? Lmao
In my opinion if cowi dosent reach 3s within the first hour u wont see anything else. I am planning for another sideways 2s day with taps up to 3 &down to 1s based off the last 3 weeks of trading and observing.
Is this facts or more speculation???
What large vol.?? 3 weeks ago ive seen vol higher than 400mil. And most of the volume is selling or buys to cover shorts. And do u know that todays vol. In money is equal to less than $18200. That is not much at all and i bet a few lucky ppl sucked it all up.
Thats older dude try finding the recent one where it went DOWN!!!!!
Speculation!!!!!
Agreed!!!!!!!!!!!!!!!!!
Small revenue yes ...and and absolutely ZERo PROFIT and negative after operating costs and stuff lmao!! These ppl r jokers
Yea haha big huge .0003 it hits that sometimes without news¡! I think it wont do anything short term. Good place to buy and hold maybe for very long term if u think theres any chance. Or like everyone else has been doin buy .ooo1s and sell at .ooo2s-.ooo3s for quick 100%-150%
Cowi is valued @ .0001. Sorry if ur mistaken
Who wants to bet? Ill make more betting cowi wont do anything tnan investing in it
I bet we wont see .0003 again today. Cowi is trading sideways is being held down and drained. This 2nd batch of better news did worse for it. Stop jokin!
Please explain off of what information or experts u gather your intel from? How can u guys say everyday cowi is going to pop? You should redonedant. I think some comments are a joke. If cowi did half of what u ppl say u "thinks" gunna happen its pps would not be .0001!!!!!! My point is please stop commenting on things your not sure of. Thanks!
Same old
Horrible performance. If it hasnt gone yet its not going to in my opinion
No before was just saying that cowi signed an agreement to work with dsi. Todays news says cowi and dsi have launched a program related with security
Sounds like "good" news to me for cowi.
They will be waiting a looooonnnnggg time then hahahaha